Mexico-based cement giant, Cemex, has opted not to bid to supply building materials for the proposed southern border wall between the US and Mexico. According to media reports, the company is not listed on the US General Services Administration’s Federal Opportunities website of potential suppliers to the planned wall.
A spokesperson for the company also confirmed that the company didn’t participate in the process.
Cemex had come under pressure from within Mexico with one Mexican senator saying it would be “dishonourable for Mexican companies to participate” in the project. US President Donald Trump, who promised to construct a wall as part of his election campaign, has repeatedly said that Mexico would pay for its construction.
Despite not participating in the building of the wall, Cemex would be well placed to benefit from any tightening of the cement market around the US border, owning plants on both the US and Mexican sides.
In a recent presentation, Cemex said it expected its US sales of cement, ready-mixed concrete, and aggregates to grow by 1% - 3% each in 2017.
Read the article online at: https://www.worldcement.com/the-americas/20032017/cemex-will-not-supply-to-border-wall/